This guide provides an in-depth look into the intricacies of payroll management in Turkey, focusing on compliance and efficiency to ensure smooth business operations. Navigating Payroll Tax Regulations in Turkey Managing payroll in Turkey involves understanding and complying with various taxes, such as income tax, corporate tax, VAT, property taxes, and social security contributions. Staying…
Significant updates have been made to the deferment interest rates and late fee rates as stipulated under Law No. 6183 on the Collection Procedure of Public Receivables in Turkey. These changes were officially published in the Official Gazette on May 21, 2024, issue number 32552. Deferment Interest Rate Adjustment in Turkey The deferment interest rate…
Property Tax in Turkey Property tax in Turkey is a mandatory payment for owners of real estate, including land, estates, workplaces, and houses. The individual whose name appears on the deed is responsible for paying this tax. This tax is divided into two equal installments each year. The first installment is due in March, April,…
What are the information to know regarding the employees in Turkey ? This article, written by Azkan Group, provides comprehensive information about the status of employees in Turkey. Salary Payments Employees who are paid monthly or annually must receive their wages in Turkish currency at least once a month. If an employer delays payment by…
The EoR Concept in Turkey and Its Legal Framework In Turkey, the concept of Employer of Record (EoR) is present and serves as a valuable service for companies. Although it is not specifically regulated by Turkish law, EoR providers offer vital assistance to foreign businesses, allowing them to manage employment and administrative duties like contract…
In Turkey, managing corporate tax responsibilities requires strict adherence to set deadlines for declaration and payment. Recent changes have been made regarding the deadlines for the corporate tax declaration in Turkey for 2023, which directly impact companies operating in the country. The submission and payment deadlines for corporate tax declarations, Ba Bs forms, and electronic…
Turkish Public Holidays are a vibrant tapestry reflecting the nation’s diverse history, cultural traditions, and societal values. From the solemn remembrance of Victory Day to the jubilant celebrations of Republic Day, each holiday holds special significance in the hearts of Turks across the country. National Sovereignty and Children’s Day uniquely combine democracy and youth celebration,…
As we step into the year 2024, several changes in financial and employment regulations in Turkey have been announced, impacting child and family assistance, intern fees, wages for foreign employees, food aid, travel and food assistance income tax exemptions, disabled discounts, and income tax tariffs. In this article, we will delve into the specifics of…
The process in Turkey of increasing the minimum wage in Turkey in 2024 has concluded, as announced by Minister of Labor and Social Security Vedat Işıkhan. Following a meeting in Ankara with workers and employers convened by President Erdoğan, Minister Işıkhan addressed the media, stating, “In July, the net minimum wage stood at 11,402 liras.…
Establishing a sole proprietorship in Turkey involves several steps. Here is a guide on how to register a sole proprietorship in Turkey. 0 Steps to establish a sole proprietorship in Turkey 1. Determine Your Business Activity First, decide on the type of business activity you intend to pursue as a sole proprietor. Ensure that your…